Relates to extending provisions relating to statutory installment bonds

This bill extends the expiration date for statutory installment bonds from September 30, 2026, to September 30, 2029. It directly affects local governments and financial institutions that issue these bonds, which allow borrowers to repay debts in regular installments. The amendment updates the existing law by changing the end date in the relevant section of the local finance law. The bill takes effect immediately upon passage and remains in force until the new expiration date.